HEICO (NYSE:HEI) Announces Earnings Results

HEICO (NYSE:HEI – Get Rating) posted its quarterly earnings data on Tuesday. The aerospace company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04, MarketWatch Earnings reports. HEICO had a return on equity of 14.38% and a net margin of 15.19%. The firm had revenue of $687.84 million during the quarter, compared to analyst estimates of $654.32 million. During the same period last year, the company posted $0.62 EPS.

HEICO Stock Down 1.0 %

HEI stock opened at $163.26 on Thursday. HEICO has a twelve month low of $126.95 and a twelve month high of $180.59. The company has a quick ratio of 1.37, a current ratio of 2.91 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average is $169.59 and its 200-day moving average is $165.93. The firm has a market capitalization of $22.35 billion, a PE ratio of 59.80, a P/E/G ratio of 4.06 and a beta of 1.18.

Insider Buying and Selling at HEICO

In other HEICO news, Director Alan Schriesheim sold 20,000 shares of HEICO stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $166.79, for a total value of $3,335,800.00. Following the sale, the director now owns 114,261 shares of the company’s stock, valued at $19,057,592.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other HEICO news, Director Alan Schriesheim sold 20,000 shares of the firm’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $166.79, for a total value of $3,335,800.00. Following the completion of the sale, the director now directly owns 114,261 shares of the company’s stock, valued at $19,057,592.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie Neitzel sold 250 shares of the business’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $133.61, for a total value of $33,402.50. Following the completion of the sale, the director now owns 155 shares in the company, valued at $20,709.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,850 shares of company stock worth $3,452,393. Insiders own 8.26% of the company’s stock.

Hedge Funds Weigh In On HEICO

Several large investors have recently modified their holdings of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in HEICO by 0.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 20,550 shares of the aerospace company’s stock valued at $3,157,000 after buying an additional 149 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in HEICO by 15.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,795 shares of the aerospace company’s stock valued at $307,000 after purchasing an additional 237 shares during the period. Bradley Foster & Sargent Inc. CT grew its position in shares of HEICO by 16.3% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,500 shares of the aerospace company’s stock valued at $384,000 after purchasing an additional 350 shares in the last quarter. Makaira Partners LLC increased its holdings in shares of HEICO by 0.7% in the fourth quarter. Makaira Partners LLC now owns 53,437 shares of the aerospace company’s stock worth $6,404,000 after purchasing an additional 350 shares during the period. Finally, IHT Wealth Management LLC raised its position in shares of HEICO by 10.4% in the first quarter. IHT Wealth Management LLC now owns 4,251 shares of the aerospace company’s stock worth $653,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 27.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HEI shares. StockNews.com initiated coverage on HEICO in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Bank of America increased their target price on shares of HEICO from $162.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, April 3rd. Morgan Stanley lifted their price target on shares of HEICO from $172.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 1st. Royal Bank of Canada increased their price objective on shares of HEICO from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Finally, Jefferies Financial Group boosted their target price on HEICO from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, February 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

About HEICO

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HEICO Corp. engages in the manufacturing of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts.